215 Broadway - Apartments FOR SALE


Providence, RI 02903- Federal Hill
$2,950,000 USD
401-255-5530
215 Broadway, Providence, RI for Sale
$2,950,000 USD
Apartments - FOR SALE
1/31
null | 6% Cap Rate

215 Broadway
Providence, RI 02903
Federal Hill


HIGHLIGHTS

  • Fully Occupied 10-Unit Multifamily Asset
  • Comprehensively Renovated Historic Property
  • Prime Providence West Side Location
  • Major Recent Capital Improvements

OVERVIEW

Rare opportunity to acquire a fully occupied, 10-unit multifamily investment property prominently located along Broadway in Providence’s desirable West Side. Originally constructed in 1887, this distinguished Second Empire mansion has been comprehensively renovated while preserving exceptional historic architectural details. The property consists of a diverse unit mix including one studio, three one-bedroom units, five two-bedroom units, and one three-bedroom unit. Recent capital improvements include upgraded electrical and HVAC systems, a new fire alarm system, and a fully sprinklered building. Additional amenities include dedicated common laundry facilities, secure bicycle storage, and 12 on-site parking spaces. 215 Broadway combines established in-place income, significant building improvements, historic character, and a highly desirable urban location, presenting a compelling opportunity for multifamily investors seeking a distinctive Providence asset. Offering Memorandum and operating statement available to qualified buyers upon execution of an NDA. Please allow a minimum of 48 hours’ notice for showing requests. No Sunday showings.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

-

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,147 SF

ZONING

RP

APN/PARCEL ID

PROV-280260-000000-000000

ASK ABOUT THIS PROPERTY

Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

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Doug JeffreyBroadway Real Estate GroupMore Info
401-255-5530

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.